Track crypto bankruptcies, restructurings, creditor updates, and court filings tied to failed exchanges, lenders, and digital asset firms.
Timothy Cradle said Celsius' company culture disregarded compliance, leading to risky and unethical plays including CEL manipulation.
Samuel Wan 3 min read 
A creditor committee has been set up and it comprises the biggest creditors like Digital Currency Group, Voyager and others.
The lack of legal precedent, on-going lawsuits, and the complexities of a Chapter 11 bankruptcy mean Celsius users may face a long process to recover deposits.
The 3AC liquidators have hired Singapore-based counsel to persuade the city-state's High Court to recognize the BVI liquidation order.
Pharos, listed as Celsius's biggest creditor with an $81 million claim, is an opaque company with close ties to Alameda Research.
The MetaMask co-founders blast Celsius and Voyager as not operating transparently and mislabelling their products as DeFi.
Celsius has officially filed for Chapter 11 Bankruptcy after it pays off its DeFi loans on Aave, Compound, and Maker.
Singapore's crypto players expect the country to become more strict towards crypto firms as they expect more bankruptcies from companies like Three Arrows Capital.
Voyager joins the growing list of crypto firms seeking bankruptcy protection from its creditors amid the downturn.
